First Majestic Produces 3.9M Silver Eqv. Oz in Second Quarter

VANCOUVER, British Columbia, July 11, 2017 (GLOBE NEWSWIRE) — First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (“First Majestic” or the “Company”) announces total production in the second quarter of 2017 from its six operating silver mines 3.9 million equivalent ounces of silver. Total production consisted of 2.3 million ounces of silver, 15,186 ounces of gold, 7.6 million pounds of lead and 0.9 million pounds of zinc.

“During the quarter, silver production was impacted by unusual efforts by unionized workers to illegally disrupt mining activities which caused minor stoppages at La Parrilla, Santa Elena and a more serious stoppage at our La Encantada operation,” said Keith Neumeyer, President & CEO. “Pointing to a specific cause is difficult – whether due to higher gasoline prices or higher taxes in Mexico – but worker dissatisfaction among union employees throughout the Mexican mining industry is at the highest levels witnessed in the Company’s fifteen year history.”